After reading John Bollinger's Bollinger Band book which discusses normalising indicators as an advanced feature, can someone please show me how to program the custom indicator so I can then add it to my back testing routines..
The formula in the book goes like this...
(Indicator - Indicator Lower Band) / (Indicator Upper Band - Indicator Lower Band)
The purpose is to plot any Indicator (RSI, MFI, etc) as part of the bollinger bands %b formula (last - lower band)/upper band - lower band)
What you will get is a value between zreo and 1 instead of a 30/70 upper/lower indicator
If anyone can help me with this sticky programming, I thank you in advance.
Currently using NT 6.0 and aim to upgrade to 6.5 as soon as my pc gets some more RAM
Thanks
Leonie
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